Forget for a moment about SL. Focus on Tp at the moment you entrance the market.
I will get to the SL in the moment.
Try to understand the idea.
My algorithm alert me about short transaction starting at level 1
Entrance at Sell level1 (sell) - TP at Take Profit 1 - but if -
the market will continue up than entrance Sell level 2 (sell again) and move TP1 to TP2 level (which means, you will have 2 transactions opened and both TP1 and TP2 will be from now on the same level TP2)
- if the market will continue up than entrance Sell Level 3 (sell again) and move TP1, TP2 to TP3 level (which means, you will have 3 transactions opened and TP1, TP2 and TP3 will move to TP3 level
- and again - if the market will continue up than entrance Sell level 4 (sell again) and move TP1, TP2, TP3 to TP4 level (4 transactions opened and all of them will have TP at the same level TP4
- NOW - if the market move up than entrance Sell Level 5(sell again, 5 transactions opened) ALL TP must be moved to the Level TP5 = TP2, TP3, TP4 and TP5 will bring PROFIT ------- TP1 will be LOST and this is your SL.
4H TIME FRAME - it means you have to be patient because the market may need some time to respond.
Good luck traders!!!!!!!!
I will get to the SL in the moment.
Try to understand the idea.
My algorithm alert me about short transaction starting at level 1
Entrance at Sell level1 (sell) - TP at Take Profit 1 - but if -
the market will continue up than entrance Sell level 2 (sell again) and move TP1 to TP2 level (which means, you will have 2 transactions opened and both TP1 and TP2 will be from now on the same level TP2)
- if the market will continue up than entrance Sell Level 3 (sell again) and move TP1, TP2 to TP3 level (which means, you will have 3 transactions opened and TP1, TP2 and TP3 will move to TP3 level
- and again - if the market will continue up than entrance Sell level 4 (sell again) and move TP1, TP2, TP3 to TP4 level (4 transactions opened and all of them will have TP at the same level TP4
- NOW - if the market move up than entrance Sell Level 5(sell again, 5 transactions opened) ALL TP must be moved to the Level TP5 = TP2, TP3, TP4 and TP5 will bring PROFIT ------- TP1 will be LOST and this is your SL.
4H TIME FRAME - it means you have to be patient because the market may need some time to respond.
Good luck traders!!!!!!!!
Comment:
Level Sell 1 completed(sell)
Comment:
Level Sell 2 completed (sell) - 2 transactions opened
Comment:
Marked closed our 2 transactions.
Sell 1 with profit of 79 pips
Sell 2 with profit of 202 pips
Total Profit 281 pips
This algorithm is no more active at this moment so please do not make any more entrance at levels Sell 3, Sell 4 and Sell 5.
Sell 1 with profit of 79 pips
Sell 2 with profit of 202 pips
Total Profit 281 pips
This algorithm is no more active at this moment so please do not make any more entrance at levels Sell 3, Sell 4 and Sell 5.
If the market will hit any next Sell level above Sell 1 than take the Profit and do not entrance any next levels.
Example: market hit Sell level 3 - it means you have 3 transactions opened for sale(Sell1, Sell2 and Sell3) - next, market went down and hit the TP3 - you close automatically all 3 transactions with Profit and DO NOT ENTRANCE ANYMORE SELL LEVEL 4 AND SELL LEVEL 5. - from now on we are waiting for next signal